State Street reduces Bluescope Steel shareholding to 8.60%

State Street Corporation and its subsidiaries, including State Street Bank and Trust Company, State Street Global Advisors (Japan) Co., Ltd., and State Street Global Advisors Australia, Limited, have reduced their substantial holding in Bluescope Steel Limited from 10.58% to 8.60%. This change represents a decrease of 8,675,829 voting shares, with the current total holding at 37,719,204 shares. The change in interests occurred on November 21, 2025.

The adjustments included various transactions such as transfers out, collateral received, and stock lending activities. Notably, State Street Bank and Trust Company engaged in significant lending activities, including a lend-for-stock-lend transaction of -4,000,000 shares and a collateral received transaction of -2,405,937 shares on November 20, 2025.

The relevant interest for State Street entities primarily involves controlling the exercise of voting rights and the power to dispose of securities as an investment manager or trustee. For lent and borrowed securities, relevant interests arise from the obligation to return under securities lending agreements.